LIC SIIP Plan Life Insurance Riders
|Claim Settlement Ratio||98.62%|
|Customer Care||8:00 AM to 8:00 PM|
|Death Benefit Paid For||73,3809 Policies|
|Total Death Benefit Paid||12797.85 Crore|
The best way of enhancing the benefits of LIC SIIP Plan is to add riders. With the LIC SIIP Plan, you can add only one rider - an accidental benefit rider.
- Accidental Benefit Rider: This rider can be added to stay protected in the event that the policyholder dies or faces physical injuries during any accident. Please note that the accidental sum assured can never exceed the basic sum assured and this benefit can be enjoyed till the maturity of the policy. The accidental benefit rider charges are deductible at the start of each month. It is better to include this rider rather than paying hefty charges after the accident and exhausting all the savings.
Key Inclusions and Exclusions of the Plan
What's Not Included
- There are certain exclusions to the LIC SIIP Plan such as the following: If the policyholder commits suicide within 12 months of the policy term, then there is no death benefit provided to the policyholder. However, this is not applicable if the entry age of the policyholder is below 8 years. If the policy lapses due to failure of paying out the premium, then no benefits shall be paid out.
Life Insurance Corporation of India (LIC of India) Plan List
|Name of Plan||Sum Assured|
|LIC Bima Jyoti||20 lac - 10 cr||Check Premium|
|LIC Jeevan Umang||20 lac - 10 cr||Check Premium|
|LIC Jeevan Anand||20 lac - 10 cr||Check Premium|
|LIC Jeevan Labh||20 lac - 10 cr||Check Premium|
FAQs on LIC SIIP Health Insurance Plan
What are the minimum and maximum entry age of the LIC SIIP Plan?
The minimum and maximum entry age of the LIC SIIP Plan are 90 days and 65 years respectively.
Can I get the maturity benefits of the LIC SIIP Plan?
Yes, the maturity benefit is offered with LIC SIIP Plan and is paid out once the policy matures.
Is death due to suicide covered under LIC SIIP Plan?
No, if the policyholder dies within 12 months of buying the LIC SIIP Plan, then there will be no coverage provided.
How many fund options can I get with the LIC SIIP Plan?
With the LIC SIIP Plan, there are four fund options available: growth fund, bond fund, balanced fund, and secured fund.
What is the lock-in period in LIC SIIP Plan?
The lock-in period in LIC SIIP Plan is 5 years during which no amount can be withdrawn.
Life Insurance Corporation of India (LIC of India) Contact Details
Insurance Dekho755 1196 989Mon to Sun 10:00 AM to 7:00 PM
Life Insurance Corporation of India (LIC of India)022-6827-6827Mon to Sat 8:00 AM to 8:00 PM
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